Owner-Occupiers (Tax Allowances)

                    The text on this page has been created from Hansard archive content, it may contain typographical errors.
                

asked the Chancellor of the Exchequer what is the estimated total amount of income tax saved by all owner-occupiers because of tax allowances by virtue of mortgages held (a) in Scotland,

Annual amounts in£
		November 1960	November 1965	November 1970	November 1974	November 1975
Single householder:
Supplementary benefit	…	546	614	686	853	983
Tax threshold	…	193	283	418	625	675
Married couple:
Supplementary benefit	…	637	742	858	1,126	1,339
Tax threshold	…	322	437	598	865	955
Married couple, 1 child:
Supplementary benefit	…	679	801	936	1,251	1,500
Tax threshold	…	450	585	746	1,105	1,195
Married couple, 2 children:
Supplementary benefit	…	720	859	1,014	1,375	1,661
Tax threshold	…	579	733	840	1,293	1,383
Married couple, 3 children:
Supplementary benefit	…	770	929	1,108	1,526	1,856
Tax threshold	…	707	881	934	1,481	1,571
Married couple, 4 children:
Supplementary benefit	…	819	1,000	1,201	1,677	2,051
Tax threshold	…	836	1,029	1,027	1,669	1,759

Notes:

1. The supplementary benefit ordinary scale rates have been used throughout.

2. It has been assumed that rent/rates of £8 a week would always have been regarded as reasonable and allowed in full in assessing benefit.

3. Family allowance is included in all entries where appropriate.

4. The ages of the children have been taken as follows: where there are one or two, both under 5: where there are three or four, two under 5 and the remainder between 5 and 10.

5. No deductions have been made in respect of rent rebates etc.

Volume 898: debated on Monday 20 October 1975